SOURCE: Offermatic

Offermatic

January 06, 2011 09:00 ET

Offermatic Adds Merchants to Automatic Rebate Platform, Introduces New Ways for Members to Save

User Growth Drives New Features That Expand on Offer Model Allowing Consumers to Save Money via Automatic Rebates

MOUNTAIN VIEW, CA--(Marketwire - January 6, 2011) - Offermatic today introduces an expanded and improved automatic rebate platform with new deals and more merchants, building on its new model for deals and offers that launched to the public last month.

Offermatic profoundly changes how consumers save money, and how merchants acquire and retain customers. The company has seen rapid growth during the past month, and based on user feedback and merchant demand, has quickly innovated the platform and expanded its list of merchants offering deals. Offermatic now offers deals from 150 merchants, up 100% from 75 merchants at launch.

Offermatic members can now get more valuable offers by progressing through different "levels" within the Offermatic platform, unlocking better offers by using their points. Members earn points for adding more debit or credit cards to Offermatic, for transactions made using those cards, for inviting others to use Offermatic, and by sharing offers on Twitter and Facebook. Signing up is easy, secure, and free at www.offermatic.com

"Our customers have been thrilled with the savings they're seeing, and they want more opportunities to save, from more merchants," said Faisal Qureshi, founder and CEO, Offermatic. "It's human nature to want to share good finds and hot deals with friends and family, and we've integrated that behavior into a rewards system. Early testing has shown that people are excited about these features, and we plan to keep innovating based on user feedback and market demand."

For consumers, Offermatic provides a simple and powerful way to save money automatically through their existing credit or debit card -- without the need for coupons, codes, and vouchers. By signing up for the free service online and linking one or more cards, Offermatic anonymously and securely reviews purchase history and identifies highly targeted and relevant money saving offers from merchants.

For merchants, better targeting equals better results. Offermatic is the first company to enable permission-based targeting of consumers based on their actual spending. Merchants can now use precision hyper-targeting for offline purchases -- where 94% of commerce takes place. This approach improves conversion rates by 10X - 100X over existing online or offline targeting methods. The accuracy of this new approach eliminates waste in marketing spend and allows the merchant to shift spend from marketing and advertising to the actual customer offer or deal.

For more information, visit www.offermatic.com.

About Offermatic
Offermatic brings to market a new model that changes how consumers save money, and how merchants acquire and retain customers. For consumers, Offermatic provides a simple and powerful way to save money automatically through their existing credit or debit card -- without the need for coupons, codes, and vouchers. For merchants, Offermatic enables permission-based targeting of consumers based on their actual spending history -- the "spending graph." Offermatic is founded by experienced Silicon Valley Internet entrepreneurs, and is seed funded by Kleiner Perkins Caulfield & Byers, Bessemer Venture Partners, and private angel investors.

Contact Information

  • Contact Info:
    Mike Barash
    Knock Twice
    650-520-0120
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